Portea Medical Invests in Health Tech Startup PSTakeCare

Portea Medical, Indian home healthcare company has picked up majority stake in health-tech startup,PSTakeCare, whose platform connects key stakeholders in the healthcare delivery ecosystem. Through a combination of comprehensive information, analytics and consumer feedback, PSTakeCare places decision-making power in the hands of patients.

Other details of the investment are are disclosed. The investment in PSTakeCare follows Portea’s acquisition of pharmaceutical distributor, MedybizPharma in November 2015.

PSTakeCare employs 40 staff and was founded in March 2015 by Pratik Chinchole, Rahil Momin, Anup Raaj, graduates of IIT Bombay, and Shirin Shinde, who studied at the Institute of Chemical Technology, Mumbai. Its technology equips healthcare consumers with relevant knowledge on doctors, hospitals and other healthcare service providers enabling consumers to take healthcare decisions based on factors such as insurance coverage provided, procedure-specific feedback and room-wise costs. In addition, the platform also presents actual photographs of medical facilities and will use advanced analytics and consumer feedback to provide comprehensive information to patients.

Pratik Chinchole, Co-Founder & CEO of PSTakeCare, said, “We would like to become the first port-of-call for patients seeking information on doctors, hospitals and labs for any medical procedure. Going forward we will continue to focus on building disruptive products in healthcare solving key patient needs through innovation.”

Elaborating the company’s plans, he added that the solution was available to patients in a few areas in Mumbai and will launch in other metros during the course of this year.

Portea is also exploring other investments as the company expands its offerings to tackle the massive challenges brought on by India’s ageing population. The company employs more than 4000 staff and handles in excess of 70,000 home visits a month across 24 cities in India.

It focuses on general primary health care, post-hospitalization care, chronic disease management and allied services such as diagnostics and medical equipment on hire, thereby bringing the entire gamut of healthcare services to a patient’s doorstep. Portea works closely with hospitals, insurance companies and individuals to improve health outcomes by providing a continuity of care in the home setting through doctors, nurses, physiotherapists and nursing attendants employed by the company.

The company has 50+ hospitals as partners and a network of referring physicians all over India.

In September 2015, it received Series B funding of $37.5 million from Accel, IFC, Qualcomm Ventures and Ventureast.